Great Wealth Management

Holistic wealth management takes into perspective every aspect of your life. For all of us, money is top-of-mind on a daily basis, in personal and professional matters. At Great Wealth, our extensive service platform is designed to assist individuals and businesses prepare for all of the possibilities, from wealth creation to contingency planning and laying the financial foundation for the next generation.

Retirement Plans/Defined Contribution/Defined Benefit

Regardless of the number of people you employ, virtually every business owner can reward loyalty, improve retention and enjoy tax advantages by providing a Defined Contribution or Defined Benefit retirement plan.

What's the difference?

Defined Contribution Plans. Here, the employer, employee or both make regular contributions. Participating employees each have their own individual accounts, with the value of the accounts and future benefits determined by employee contributions, employer contributions, (if applicable), and investment earnings on the account.

Defined Benefit Plans are more commonly known as pension plans, where the employer or sponsor promises a specified pension payment to the employee. Upon retirement, the employee either receives a lump-sum payment or regular installments. Rather than depending on investment returns, funds in the account are pre-determined by a formula based on the employee's earnings history, tenure of service and age.

Estate Planning/Maximization

The first thing to understand about Estate Planning is this - an estate plan is a living document, which should be developed in parallel with your financial plan, periodically reviewed to maintain relevance with the changes in your life, and updated if necessary.

Second, Estate Planning does not necessarily cover all of the details of asset distribution. This is where Estate Plan Maximization comes in, which involves many of the intangibles, such as the emotional impact on your family, ensuring your heirs understand their assigned roles in carrying out your wishes; and the administration of charitable giving.

Our expertise in these areas helps to protect your assets, ensure a seamless transition of wealth and the permanence of your legacy. We also welcome collaboration with professionals you trust on any accounting and legal issues pertaining to your estate plan.

Long-Term Care

The majority of Americans have access to health coverage, yet the leading cause of bankruptcy in America is medical costs. Most health insurance plans and Medicare don't cover the assistance or supervision individuals may need after an accidental injury, or suffering a debilitating illness, such as a stroke, or diagnosed with Alzheimer's. The solution is a Long-Term Care plan, which can cover the specialized care required, protect your wealth, and help relieve the financial and emotional burden on members of your household.

Annuities

Annuities have always been considered one of the most solid assets in a retirement planning portfolio. Not only as a safe haven for growing wealth over time, but also for insulating retirement savings from economic and market uncertainty. Several types of annuities are available, with differing benefits and costs associated with each. All have in common the singular objective of giving you a protected source of income in retirement.

Managed Portfolios

As a financial advisor, my role is to construct a portfolio around two primary considerations: the personality of the individual investor; and the assets with the optimal potential for achieving their goals. There is no one portfolio for every investor, and today's dynamic investment space offers an array of opportunities for generating wealth, including Exchange-Traded Funds (EFTs) in different sectors, mutual funds and separately managed assets. Working collaboratively with you, I carefully manage portfolios designed to achieve your investment goals while maintaining flexibility for adapting to market conditions and changes in your priorities.

Premium Financing

For high net-worth individuals, Premium Financing is an intelligent option for purchasing large amounts of life insurance while limiting out-of-pocket expense. Essentially, the policy is financed by a lender and leveraged by assets such as investments and personal property, thus preserving the investor's cash flow and improving their overall bottom line.

Life Insurance

Life insurance is really about the lives of others - the people you love. Would your family be protected financially in your absence? Would your plans stay on track? It can be a difficult conversation, but one I have with every client because life insurance is an essential element in every smart financial strategy. Over time, life insurance can also become a liquid asset as the policy gains cash value, adding to your overall wealth.